Understanding different types of business ownerships and the structure of each will help you open business accounts properly. During this program we will look at how each type of business works, how changes are made at death and at new ownership. We will discuss beneficial ownership, resolutions and account cards and how all the pieces work to set up successful business membership at your credit union.
What You Will Learn
How to Set up the following business types:
- Sole Proprietorship
- General Partnerships
- Limited Partnerships
- Limited Liability Partnerships
- Limited Liability Companies
- Corporations
- Nonprofit Corporations
- Intermediary Accounts
- Campaign Accounts
- Tragedy/Benefit Accounts
In addition to:
- Changing Signers and Owners
- What happens at death
- What is a resolution? Account? Beneficial Ownership Form
- What documents does the member provide and what do we provide